Quote:
Originally Posted by jrowan
OK, the Bank of Canada (BoC) does not create jobs, or loan out money for infrastructure spending.
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Very true but that is what our Banking establishment, of which the BoC is an integral part of, does, provides capital, money. To quote a site I was recently pointed to "Banks are just financial intermediaries" and in Canada are operated to the benefit of a few elite.
As you point out the money doesn't really exist until a loan or debt is created but there has to be some money to begin with which Canada has. My contention is that Canada has money. We do not need equity investment. Equity investments are the worst of all investments for a resource based nation that needs profits to be reinvested in the country, not send out in wagons full of cash.